Introduction Traditional finance‚ market and price models assume markets are rational‚ it’s further assumed that this rationality is reflected in the intrinsic value of the security. The whole concept of traditional finance revolves around assumption people are ‘rational’ be it efficient market hypothesis‚ Bayes Theory‚ or what Markowitz said. But how often do we use into these theories in real world‚ how many people actually use Bayes Theorem to really update probabilities based on new information
Premium Finance Investment Behavioral finance
Cultural Intelligence Cultural Quotient is the organizational psychology and management theory‚ and it is all about the continuous learning and aptitude to develop personally through this learning. The differences in the intercultural do remains in the momentous challenge stage in all multinational organizations. Hence to face the challenge there is a need of a new domain of astuteness which immense relevance to the era of escalating globalization and the workplace diverse. For every manager who
Premium Cross-cultural communication Culture The Culture
The theory of cultural imperialism in media is where one culture controls another‚ forcing it ’s culture to change to the controlling one . This theory is said to have first developed in the mid-twentieth century‚ and initially it was a response to the changes society was undergoing after the development of improved telecommunications. Various terms such as "media imperialism"‚ "structural imperialism"‚ and "cultural dependency and domination"‚ (L. White) have all been used
Free Western culture Western world United States
In regards to an adult seeking professional help for their social anxiety‚ a professional counselor can assist the client’s disorder with cognitive-behavioral therapy. In cognitive-behavioral therapy‚ the counselor establishes a wide range of time-limited interventions and treatments that are applied to target behavioral change. The popular approaches in this therapy are to adopt new and more advanced coping mechanisms for the anxiety. This therapy can benefit stress disorders related to anxiety
Premium Psychology Psychotherapy Cognitive behavioral therapy
are vast numbers of countries with various languages‚ religions and their cultural ethnicity. India has been referred to as a country which is a living example of unity in diversity. In today’s age of capitalism and free trade‚ borders are soon getting irrelevant and people are migrating‚ more than ever before‚ to achieve their personal and organisational goals. It becomes all the more important to understand cross cultural dynamics and its implications on international businesses looking to expand
Premium Cross-cultural communication Rajiv Gandhi Indian National Congress
Cultural Profile Culture is said to be a universal of shared beliefs‚ values and norms that guide a particular group of people through everyday life. Culture does not only shape and mold a country on a national level but it also molds many businesses within that country as they build their own norms‚ beliefs and values as it pertains to different aspects of conducting their business in a culture. In order for a business to be successful one must first understand how national and business culture
Premium Culture Geert Hofstede United States
Chapter 11 Cultural Characteristics and Effective Business in China Maria Fernanda Pargana Ilhéu ISEG/UTL‚ PORTUGAL Abstract For firms in the international market the cultural characteristics of host country societies‚ where their managers are going to deal and work‚ must be learned‚ absorbed and adopted. A person’s perception of market needs is framed by his or her own cultural experience. More than factual knowledge of Chinese culture the interpretative knowledge is very important and difficult
Premium Culture China Overseas Chinese
1st Assignment Behavioral Finance Course Code: 6314M0202Y University of Amsterdam Block II‚ Fall 2014 Your names: Your UvA student numbers: Chavdar Tsenev 10840974 Luis Pena Alberto Cabral Alexander Ezedin Q1 The reason for the majority of individuals choosing option A rather than B and option D rather than C has to do with misperception of probabilities. Even though according to Prospect theory people are risk averse in the gains
Premium Utility Risk aversion
out to change these unclear emotions with psychotherapy and by challenging these beliefs. His books are very well known and used a lot of by different therapist. He is basically considered the grandfather of Cognitive Behavior Therapy and his ABC model is used widely. Albert came up with Rational-emotive therapy‚ which was later on changed to Rational-emotive behavior therapy because Ellis wanted his clients to act upon their new beliefs by putting them into practice (Wilde‚ 1996‚ p. 9). Others
Premium Psychotherapy Rational emotive behavior therapy
asset price fluctuation makes one believe that there are rare people who act mathematically correct or rational with respect to classical utilitarian definition. A growing field of science‚ behavioral finance‚ attempts to explain and predict future irrational (or economically inefficient) behavior. Behavioral sciences are motivated by an argument that business finance‚ being conducted by people‚ can also include human irrationality aspects to be holistic. Nevertheless‚ literature adheres to the classical
Premium Financial markets Fundamental analysis Behavioral finance